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Dan Ngo
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08 năm kinh nghiệm phát triển thị trường về Crypto Currency, 06 năm kinh nghiệm quản lý quỹ đầu tư mạo hiểm CryptoF.ventures, Senior Strategic advisor UFIN.
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🚀 Explore the Future of Crypto with VanEck's 15 Predictions for 2024: 1- US Economic Recession and Launch of Bitcoin Spot ETF 2- The 4th Bitcoin Halving Event: Expected, But Not Excited 3- Bitcoin is expected to reach its highest level in the fourth quarter of 2024 4- Ethereum Still Behind Bitcoin In Market Position 5- Advantages of ETH Layer 2 After Updating EIP-4844 6- NFT Trading Hits New High 7- Binance Will Lose Its Leading Position in Spot Trading 8- Stablecoin Market Capitalization Sets Record, USDC Surpasses Tether 9- Decentralized Exchanges Capture Record Spot Trading Market Share 10- Bitcoin Profits Increase Thanks to Staking on Lightning Channels 11- A Very Famous Blockchain Game Appears 12- Solana Outperforms Ethereum with TVL DeFi Recovery 13- Decentralized Physical Infrastructure Network (DePin) Gains Acceptance and Attention 14- Corporate Crypto Investments Enhanced Thanks to New Accounting Standards 15- Some DeFi Apply KYC Regulations, Attracting Capital From Organizations #Crypto2024#VanEckPrediction
🚀 Explore the Future of Crypto with VanEck's 15 Predictions for 2024:

1- US Economic Recession and Launch of Bitcoin Spot ETF
2- The 4th Bitcoin Halving Event: Expected, But Not Excited
3- Bitcoin is expected to reach its highest level in the fourth quarter of 2024
4- Ethereum Still Behind Bitcoin In Market Position
5- Advantages of ETH Layer 2 After Updating EIP-4844
6- NFT Trading Hits New High
7- Binance Will Lose Its Leading Position in Spot Trading
8- Stablecoin Market Capitalization Sets Record, USDC Surpasses Tether
9- Decentralized Exchanges Capture Record Spot Trading Market Share
10- Bitcoin Profits Increase Thanks to Staking on Lightning Channels
11- A Very Famous Blockchain Game Appears
12- Solana Outperforms Ethereum with TVL DeFi Recovery
13- Decentralized Physical Infrastructure Network (DePin) Gains Acceptance and Attention
14- Corporate Crypto Investments Enhanced Thanks to New Accounting Standards
15- Some DeFi Apply KYC Regulations, Attracting Capital From Organizations

#Crypto2024#VanEckPrediction
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👉Forecasting future World Crude Oil demand (2024) from the 3 largest economies. In general, the trend is sideways and somewhat decreasing. Currently, oil prices are fluctuating around $76/barrel: - 20% reduction compared to the most recent peak of $95/barrel in September 2023. - Down 42% compared to the peak of this cycle of $130/barrel in March 2022. The upcoming OPEC meeting will make important decisions on increasing or decreasing oil production in the near future. From there, it will affect long-term oil prices in 2024.💡
👉Forecasting future World Crude Oil demand (2024) from the 3 largest economies. In general, the trend is sideways and somewhat decreasing.
Currently, oil prices are fluctuating around $76/barrel:
- 20% reduction compared to the most recent peak of $95/barrel in September 2023.
- Down 42% compared to the peak of this cycle of $130/barrel in March 2022.
The upcoming OPEC meeting will make important decisions on increasing or decreasing oil production in the near future. From there, it will affect long-term oil prices in 2024.💡
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Datagro forecasts Brazil's 2023/24 soybean production: Datagro forecasts Brazil's 2023/24 soybean production will reach 156.57 million tons, down 4.4% from the estimate given in October, due to weather-related problems in the Central region this country. If confirmed, the above production level will be 0.4% lower than the record level of 157.2 million tons in the 2022/23 crop year. According to an economist and head of research at Datagro, these are only preliminary figures and may be adjusted in upcoming surveys. In the third crop survey, Datagro said Brazil's 23/24 soybean area reached 45.36 million hectares, an increase of 1.5% compared to previous seasons, and confirmed that the year The 17th consecutive expansion of this oilseed cultivation area. However, due to erratic climatic conditions, the average yield outlook has been revised downward and is likely to decrease further depending on weather developments, Datagro said.
Datagro forecasts Brazil's 2023/24 soybean production:
Datagro forecasts Brazil's 2023/24 soybean production will reach 156.57 million tons, down 4.4% from the estimate given in October, due to weather-related problems in the Central region this country. If confirmed, the above production level will be 0.4% lower than the record level of 157.2 million tons in the 2022/23 crop year. According to an economist and head of research at Datagro, these are only preliminary figures and may be adjusted in upcoming surveys. In the third crop survey, Datagro said Brazil's 23/24 soybean area reached 45.36 million hectares, an increase of 1.5% compared to previous seasons, and confirmed that the year The 17th consecutive expansion of this oilseed cultivation area. However, due to erratic climatic conditions, the average yield outlook has been revised downward and is likely to decrease further depending on weather developments, Datagro said.
عرض الأصلي
In the fourth quarter of the year, Vietnam's Robusta Coffee supply will have a strong impact on global coffee prices. In early October, when Vietnam started the 2023/2024 crop year, the market had high expectations for the new crop output in major coffee growing areas. However, information that heavy rain hit coffee harvest time has made investors worried about supply shortages in the market and causing Robusta prices to fluctuate. In the last two months, the price movements of coffee and rubber have fluctuated strongly. Robusta coffee prices on the European Intercontinental Exchange (ICE-EU) fluctuate, with a large amplitude from 2,300 - 2,700 USD/ton.
In the fourth quarter of the year, Vietnam's Robusta Coffee supply will have a strong impact on global coffee prices.
In early October, when Vietnam started the 2023/2024 crop year, the market had high expectations for the new crop output in major coffee growing areas. However, information that heavy rain hit coffee harvest time has made investors worried about supply shortages in the market and causing Robusta prices to fluctuate.
In the last two months, the price movements of coffee and rubber have fluctuated strongly. Robusta coffee prices on the European Intercontinental Exchange (ICE-EU) fluctuate, with a large amplitude from 2,300 - 2,700 USD/ton.
عرض الأصلي
✍ The US Department of Agriculture (USDA) Hanoi branch has lowered its estimate of Vietnam's 2023/24 coffee supply to 28.6 million 60kg bags, down 14.9% and 8.7% compared to the report. previous report and the 2022/23 crop year. Of which, coffee output decreased by 12.1% from 31.3 million bags in the May report to 27.5 million bags in the latest report. The amount of coffee stored at the beginning of the period also decreased more than 5 times to 339,000 bags. - USDA believes that weather changes and the El Nino phenomenon make coffee trees unable to grow in ideal conditions, leading to a decrease in output. At the same time, taking advantage of inventory for export in the 2022/23 crop year due to scarce supply has caused the amount of goods stored in the beginning of the 2023/24 crop year to decrease to a low level. Low output caused the USDA to lower the level of coffee bean exports in the new crop year to 23 million bags, down 6.1% and 9.4% respectively compared to data in the previous report and the 2022/23 crop year.
✍ The US Department of Agriculture (USDA) Hanoi branch has lowered its estimate of Vietnam's 2023/24 coffee supply to 28.6 million 60kg bags, down 14.9% and 8.7% compared to the report. previous report and the 2022/23 crop year. Of which, coffee output decreased by 12.1% from 31.3 million bags in the May report to 27.5 million bags in the latest report. The amount of coffee stored at the beginning of the period also decreased more than 5 times to 339,000 bags.
- USDA believes that weather changes and the El Nino phenomenon make coffee trees unable to grow in ideal conditions, leading to a decrease in output. At the same time, taking advantage of inventory for export in the 2022/23 crop year due to scarce supply has caused the amount of goods stored in the beginning of the 2023/24 crop year to decrease to a low level. Low output caused the USDA to lower the level of coffee bean exports in the new crop year to 23 million bags, down 6.1% and 9.4% respectively compared to data in the previous report and the 2022/23 crop year.
عرض الأصلي
Bearish Oil Options contracts reach record volume as OPEC+ meeting postpones. About 211,000 Brent crude put options traded on Wednesday, the largest volume on record, according to ICE Futures Europe data. ;! Investors around the world are worried that there will be unfavorable news that will cause oil prices to plummet.
Bearish Oil Options contracts reach record volume as OPEC+ meeting postpones. About 211,000 Brent crude put options traded on Wednesday, the largest volume on record, according to ICE Futures Europe data.
;! Investors around the world are worried that there will be unfavorable news that will cause oil prices to plummet.
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Highlights, guys. Think back to before the pandemic hit. What is the price of#BTCand what happens after that??? 👉👉Definitely IT IS NOT A MISTAKE to invest at this time. THE BIGGEST MISTAKE is choosing the wrong product to invest in. 😆😆😆
Highlights, guys. Think back to before the pandemic hit. What is the price of#BTCand what happens after that???

👉👉Definitely IT IS NOT A MISTAKE to invest at this time. THE BIGGEST MISTAKE is choosing the wrong product to invest in. 😆😆😆
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Crypto Manipulation Hinders SEC’s ETF Approval Crypto Bureau’s video sheds light on the role of insider trading and wash trading in crypto manipulation.These issues are a major obstacle to the SEC’s approval of ETFs.The video further emphasizes the need for convenient regulation and blockchain advancement to tackle these problems. The ubiquitous crypto market has been witnessing a period of downturn, particularly since the downfall of the once-eminent crypto platform FTX. In a recent YouTube video, the crypto portal Coin Bureau shed light on the two major crises in the crypto industry, namely, insider trading and wash trading, which often lead to market manipulation. The host provided insights on a recent study that unveiled the critical role of insider trading in crypto manipulation, especially in connection with the unauthorized profits individuals or institutions accumulate through insider trading. As per findings, insider trading has been identified in 14 decentralized exchanges (DEXs) and 22 centralized exchanges (CEXs), with a profit of $300,000. While DEXs engage in insider trading to evade CEXs’ detection systems, it raises concerns about market integrity$BTC $ETH $BNB #crypto2023 #dan_ngo
Crypto Manipulation Hinders SEC’s ETF Approval
Crypto Bureau’s video sheds light on the role of insider trading and wash trading in crypto manipulation.These issues are a major obstacle to the SEC’s approval of ETFs.The video further emphasizes the need for convenient regulation and blockchain advancement to tackle these problems.
The ubiquitous crypto market has been witnessing a period of downturn, particularly since the downfall of the once-eminent crypto platform FTX. In a recent YouTube video, the crypto portal Coin Bureau shed light on the two major crises in the crypto industry, namely, insider trading and wash trading, which often lead to market manipulation.
The host provided insights on a recent study that unveiled the critical role of insider trading in crypto manipulation, especially in connection with the unauthorized profits individuals or institutions accumulate through insider trading. As per findings, insider trading has been identified in 14 decentralized exchanges (DEXs) and 22 centralized exchanges (CEXs), with a profit of $300,000. While DEXs engage in insider trading to evade CEXs’ detection systems, it raises concerns about market integrity$BTC $ETH $BNB #crypto2023 #dan_ngo
ERC-5773: Context-Dependent Multi-Asset TokensERC-5773, also known as MultiAsset, is designed for NFTs to enable context-dependent output of information. This means that the asset displayed can differ based on how the token is being accessed. For instance, if the NFT is accessed from within the game, a 3D avatar can be displayed, whereas if the same NFT is accessed from a marketplace, the PNG asset is displayed. An NFT can possess multiple assets (outputs), which can be any type of file. These assets do not depend on each other. Assets can be ordered at will by the NFT owner but can only be modified, updated, added or removed when both the token owner and issuer mutually agree. Potential Use Cases Cross-Metaverse Compatibility: The ERC-5773 standard can support an array of metaverse ecosystems, allowing assets associated with NFTs to be used across different games and platforms. Multi-Media Output: An NFT can take on varying representations, such as PDF, MP3 or other formats based on the software or platform being used for e-books or other media types. Media Redundancy: For improved metadata resilience and referenced information, duplicate metadata files can be included across decentralized storage platforms. NFT Evolution: Users, minters or other pre-approved entities can add, remove or replace assets associated with an NFT. One example of the capabilities of the MultiAsset token standard (ERC-5773) is a cosmetic item for a game that can have multiple attached assets, covering different games, and various cosmetic items. As a result, it can evolve into an infinitely useful NFT.

ERC-5773: Context-Dependent Multi-Asset Tokens

ERC-5773, also known as MultiAsset, is designed for NFTs to enable context-dependent output of information. This means that the asset displayed can differ based on how the token is being accessed. For instance, if the NFT is accessed from within the game, a 3D avatar can be displayed, whereas if the same NFT is accessed from a marketplace, the PNG asset is displayed.
An NFT can possess multiple assets (outputs), which can be any type of file. These assets do not depend on each other. Assets can be ordered at will by the NFT owner but can only be modified, updated, added or removed when both the token owner and issuer mutually agree.
Potential Use Cases
Cross-Metaverse Compatibility: The ERC-5773 standard can support an array of metaverse ecosystems, allowing assets associated with NFTs to be used across different games and platforms.
Multi-Media Output: An NFT can take on varying representations, such as PDF, MP3 or other formats based on the software or platform being used for e-books or other media types.
Media Redundancy: For improved metadata resilience and referenced information, duplicate metadata files can be included across decentralized storage platforms.
NFT Evolution: Users, minters or other pre-approved entities can add, remove or replace assets associated with an NFT.
One example of the capabilities of the MultiAsset token standard (ERC-5773) is a cosmetic item for a game that can have multiple attached assets, covering different games, and various cosmetic items. As a result, it can evolve into an infinitely useful NFT.
ERC-6059: Parent-Governed Nestable NFTERC-6059 introduces the concept of one NFT owning another NFT, without the need of an externally owned account (EOA) or a smart contract. This standard extends the basic NFT standard to allow for nesting and a parent-child relationship between NFTs. In simpler terms, an NFT can own and manage other NFTs, creating a hierarchy of tokens. In the context of ERC-6059: A parent token is an NFT that owns another NFT.A child token is an NFT that is owned by another NFT.An NFT can be both a parent and a child at the same time, resulting in multiple levels of ownership. The owner of the parent token can manage not only the direct child tokens but also their children, extending the control to multiple levels of hierarchy. Potential Use Cases Bundling: Group and sell multiple NFTs together as a single package, making it convenient for collectors to buy a set of related NFTs in one transaction. Collecting: Organize NFTs in a collection based on the owner's preference, such as grouping NFTs from the same artist or theme. Membership: Create exclusive memberships to DAOs or clubs where owning a specific NFT (parent token) grants access to additional NFTs (child tokens) like special perks or bonuses. Delegation: Implement voting systems or delegate decision-making power within decentralized organizations by using nested NFTs as voting tokens or representation of authority.

ERC-6059: Parent-Governed Nestable NFT

ERC-6059 introduces the concept of one NFT owning another NFT, without the need of an externally owned account (EOA) or a smart contract. This standard extends the basic NFT standard to allow for nesting and a parent-child relationship between NFTs. In simpler terms, an NFT can own and manage other NFTs, creating a hierarchy of tokens.
In the context of ERC-6059:
A parent token is an NFT that owns another NFT.A child token is an NFT that is owned by another NFT.An NFT can be both a parent and a child at the same time, resulting in multiple levels of ownership.

The owner of the parent token can manage not only the direct child tokens but also their children, extending the control to multiple levels of hierarchy.
Potential Use Cases
Bundling: Group and sell multiple NFTs together as a single package, making it convenient for collectors to buy a set of related NFTs in one transaction.
Collecting: Organize NFTs in a collection based on the owner's preference, such as grouping NFTs from the same artist or theme.
Membership: Create exclusive memberships to DAOs or clubs where owning a specific NFT (parent token) grants access to additional NFTs (child tokens) like special perks or bonuses.
Delegation: Implement voting systems or delegate decision-making power within decentralized organizations by using nested NFTs as voting tokens or representation of authority.
ERC-6220: Composable NFTsERC-6220 extends the functionality of the ERC-721 standard by enabling the creation of composable NFTs. These NFTs can selectively add parts to themselves through a process called "equipping," leading to additional customization options and use cases. Catalogs: A Catalog is a collection of parts from which an NFT can be composed. Catalogs can contain various media types, such as images, audio, video or even mixed-media. The Catalog's type indicates the final output format when an NFT is rendered. Equippable Parts: Parts can either be "slot types" or "fixed types." Slot types are intended for “equippables,” which allow NFT collections to be equipped into them. Fixed types, on the other hand, are full components with their metadata. NFT creators can select parts from a Catalog and specify them for an NFT instance. Through this process, tokens can be equipped with other NFTs in their designated slots, creating a highly customizable and interactive design. Potential Use Cases Digital Art: Artists can create interactive digital art where collectors can personalize the art pieces by adding or removing parts directly in the art's design. Dynamic Content: Content creators can develop uniquely tailored digital experiences, where users can customize multimedia content by equipping various categories of media, such as audio tracks, video filters or subtitles. Token Progression: As NFT owners achieve milestones, they can equip their tokens with new parts, representing their growth and progress over time. For instance, gears can be equipped as gamers progress through the game. Another example is merit tracking, where an “equippable” NFT represents academic achievements. Provable Digital Scarcity: Most NFTs are not truly scarce as the visual representation is a client-side mechanic. This token standard can enforce that if an item is equipped on an NFT, it cannot be equipped on another.

ERC-6220: Composable NFTs

ERC-6220 extends the functionality of the ERC-721 standard by enabling the creation of composable NFTs. These NFTs can selectively add parts to themselves through a process called "equipping," leading to additional customization options and use cases.
Catalogs: A Catalog is a collection of parts from which an NFT can be composed. Catalogs can contain various media types, such as images, audio, video or even mixed-media. The Catalog's type indicates the final output format when an NFT is rendered.
Equippable Parts: Parts can either be "slot types" or "fixed types." Slot types are intended for “equippables,” which allow NFT collections to be equipped into them. Fixed types, on the other hand, are full components with their metadata.
NFT creators can select parts from a Catalog and specify them for an NFT instance. Through this process, tokens can be equipped with other NFTs in their designated slots, creating a highly customizable and interactive design.
Potential Use Cases
Digital Art: Artists can create interactive digital art where collectors can personalize the art pieces by adding or removing parts directly in the art's design.
Dynamic Content: Content creators can develop uniquely tailored digital experiences, where users can customize multimedia content by equipping various categories of media, such as audio tracks, video filters or subtitles.
Token Progression: As NFT owners achieve milestones, they can equip their tokens with new parts, representing their growth and progress over time. For instance, gears can be equipped as gamers progress through the game. Another example is merit tracking, where an “equippable” NFT represents academic achievements.
Provable Digital Scarcity: Most NFTs are not truly scarce as the visual representation is a client-side mechanic. This token standard can enforce that if an item is equipped on an NFT, it cannot be equipped on another.
ERC-6381: Unicode EmojisERC-6381, known as the Public Non-Fungible Token Emote Repository, is a proposed standard for interacting with non-fungible tokens using Unicode emojis. It operates as a public non-gated repository smart contract, which can be deployed on multiple networks at the same address. It allows users to express their impressions of an NFT using standardized emojis, thereby adding an interactive, feedback-based dimension to NFT ownership. Potential use cases Interactivity: ERC-6381 enhances NFT interactivity by allowing users to express their admiration or sentiment towards an NFT using emojis. This can create unique engagement experiences for NFT owners and foster a sense of community around the token. Feedback-based evolution: Tracking on-chain reactions to NFTs allows for feedback-based evolution of NFTs. This can incentivize interactions with token collections and foster a more dynamic ownership experience. Valuation: Emoting on NFTs can provide real-time indications of admiration or desirability, which can impact the value of the token. This could give potential buyers and sellers a more robust metric for estimating the value of a specific NFT, rather than relying solely on historical sale prices and market scarcity data.

ERC-6381: Unicode Emojis

ERC-6381, known as the Public Non-Fungible Token Emote Repository, is a proposed standard for interacting with non-fungible tokens using Unicode emojis. It operates as a public non-gated repository smart contract, which can be deployed on multiple networks at the same address. It allows users to express their impressions of an NFT using standardized emojis, thereby adding an interactive, feedback-based dimension to NFT ownership.
Potential use cases
Interactivity: ERC-6381 enhances NFT interactivity by allowing users to express their admiration or sentiment towards an NFT using emojis. This can create unique engagement experiences for NFT owners and foster a sense of community around the token.
Feedback-based evolution: Tracking on-chain reactions to NFTs allows for feedback-based evolution of NFTs. This can incentivize interactions with token collections and foster a more dynamic ownership experience.
Valuation: Emoting on NFTs can provide real-time indications of admiration or desirability, which can impact the value of the token. This could give potential buyers and sellers a more robust metric for estimating the value of a specific NFT, rather than relying solely on historical sale prices and market scarcity data.
ERC-6454: Minimal Transferable NFT Detection InterfaceThe ERC-6454 Soulbound extension is a standard that enables the creation of non-transferable tokens. It provides various ways to make a token non-transferable: Non-transferable from the moment they are minted.Becoming non-transferable after a specified block.Becoming non-transferable after a predefined number of transactions.Setting tokens as non-transferable on a per-token basis. Potential Use Cases Verifiable attribution: NFTs can be used to represent personal achievements, but if these NFTs can easily be transferred, their authenticity can be questioned. Representing certifications, degrees or professional licenses in digital form are some potential applications. Immutable properties: NFTs properties differentiate them and establish their scarcity. Ensuring these properties are unalterable by tying the NFT to certain properties provides uniqueness and prevents centralized control by the issuer. Reputational avatars: NFTs can be accounts which are avatars, accruing reputation in the form of soulbound tokens inside the avatars (via ERC-6059). This makes it easy to collect badges, proof-of-attendance-protocols and even experience, skills, items, and more all in one NFT. Your avatar or wallet can still be transferred but is locked to that particular NFT. Furthermore, fully tradable game characters and on-chain trackable reputation will allow for easily enforceable meritocracy.

ERC-6454: Minimal Transferable NFT Detection Interface

The ERC-6454 Soulbound extension is a standard that enables the creation of non-transferable tokens. It provides various ways to make a token non-transferable:
Non-transferable from the moment they are minted.Becoming non-transferable after a specified block.Becoming non-transferable after a predefined number of transactions.Setting tokens as non-transferable on a per-token basis.
Potential Use Cases
Verifiable attribution: NFTs can be used to represent personal achievements, but if these NFTs can easily be transferred, their authenticity can be questioned. Representing certifications, degrees or professional licenses in digital form are some potential applications.
Immutable properties: NFTs properties differentiate them and establish their scarcity. Ensuring these properties are unalterable by tying the NFT to certain properties provides uniqueness and prevents centralized control by the issuer.
Reputational avatars: NFTs can be accounts which are avatars, accruing reputation in the form of soulbound tokens inside the avatars (via ERC-6059). This makes it easy to collect badges, proof-of-attendance-protocols and even experience, skills, items, and more all in one NFT. Your avatar or wallet can still be transferred but is locked to that particular NFT. Furthermore, fully tradable game characters and on-chain trackable reputation will allow for easily enforceable meritocracy.
ERC-6220: Composable NFTs$ERC-6220 extends the functionality of the ERC-721 standard by enabling the creation of composable NFTs. These NFTs can selectively add parts to themselves through a process called "equipping," leading to additional customization options and use cases. Catalogs: A Catalog is a collection of parts from which an #NFT can be composed. Catalogs can contain various media types, such as images, audio, video or even mixed-media. The Catalog's type indicates the final output format when an NFT is rendered. Equippable Parts: Parts can either be "slot types" or "fixed types." Slot types are intended for “equippables,” which allow NFT collections to be equipped into them. Fixed types, on the other hand, are full components with their metadata. NFT creators can select parts from a Catalog and specify them for an NFT instance. Through this process, tokens can be equipped with other NFTs in their designated slots, creating a highly customizable and interactive design. Potential Use Cases Digital Art: Artists can create interactive digital art where collectors can personalize the art pieces by adding or removing parts directly in the art's design. Dynamic Content: Content creators can develop uniquely tailored digital experiences, where users can customize multimedia content by equipping various categories of media, such as audio tracks, video filters or subtitles. Token Progression: As NFT owners achieve milestones, they can equip their tokens with new parts, representing their growth and progress over time. For instance, gears can be equipped as gamers progress through the game. Another example is merit tracking, where an “equippable” NFT represents academic achievements. Provable Digital Scarcity: Most NFTs are not truly scarce as the visual representation is a client-side mechanic. This token standard can enforce that if an item is equipped on an NFT, it cannot be equipped on another.

ERC-6220: Composable NFTs

$ERC-6220 extends the functionality of the ERC-721 standard by enabling the creation of composable NFTs. These NFTs can selectively add parts to themselves through a process called "equipping," leading to additional customization options and use cases.
Catalogs: A Catalog is a collection of parts from which an #NFT can be composed. Catalogs can contain various media types, such as images, audio, video or even mixed-media. The Catalog's type indicates the final output format when an NFT is rendered.
Equippable Parts: Parts can either be "slot types" or "fixed types." Slot types are intended for “equippables,” which allow NFT collections to be equipped into them. Fixed types, on the other hand, are full components with their metadata.
NFT creators can select parts from a Catalog and specify them for an NFT instance. Through this process, tokens can be equipped with other NFTs in their designated slots, creating a highly customizable and interactive design.
Potential Use Cases
Digital Art: Artists can create interactive digital art where collectors can personalize the art pieces by adding or removing parts directly in the art's design.
Dynamic Content: Content creators can develop uniquely tailored digital experiences, where users can customize multimedia content by equipping various categories of media, such as audio tracks, video filters or subtitles.
Token Progression: As NFT owners achieve milestones, they can equip their tokens with new parts, representing their growth and progress over time. For instance, gears can be equipped as gamers progress through the game. Another example is merit tracking, where an “equippable” NFT represents academic achievements.
Provable Digital Scarcity: Most NFTs are not truly scarce as the visual representation is a client-side mechanic. This token standard can enforce that if an item is equipped on an NFT, it cannot be equipped on another.
ERC-5773: Context-Dependent Multi-Asset TokensERC-5773, also known as MultiAsset, is designed for NFTs to enable context-dependent output of information. This means that the asset displayed can differ based on how the token is being accessed. For instance, if the NFT is accessed from within the game, a 3D avatar can be displayed, whereas if the same NFT is accessed from a marketplace, the PNG asset is displayed. An NFT can possess multiple assets (outputs), which can be any type of file. These assets do not depend on each other. Assets can be ordered at will by the NFT owner but can only be modified, updated, added or removed when both the token owner and issuer mutually agree. Potential Use Cases Bundling: Group and sell multiple NFTs together as a single package, making it convenient for collectors to buy a set of related NFTs in one transaction. Collecting: Organize NFTs in a collection based on the owner's preference, such as grouping NFTs from the same artist or theme. Membership: Create exclusive memberships to DAOs or clubs where owning a specific NFT (parent token) grants access to additional NFTs (child tokens) like special perks or bonuses. Delegation: Implement voting systems or delegate decision-making power within decentralized organizations by using nested NFTs as voting tokens or representation of authority.

ERC-5773: Context-Dependent Multi-Asset Tokens

ERC-5773, also known as MultiAsset, is designed for NFTs to enable context-dependent output of information. This means that the asset displayed can differ based on how the token is being accessed. For instance, if the NFT is accessed from within the game, a 3D avatar can be displayed, whereas if the same NFT is accessed from a marketplace, the PNG asset is displayed.
An NFT can possess multiple assets (outputs), which can be any type of file. These assets do not depend on each other. Assets can be ordered at will by the NFT owner but can only be modified, updated, added or removed when both the token owner and issuer mutually agree.
Potential Use Cases
Bundling: Group and sell multiple NFTs together as a single package, making it convenient for collectors to buy a set of related NFTs in one transaction.
Collecting: Organize NFTs in a collection based on the owner's preference, such as grouping NFTs from the same artist or theme.
Membership: Create exclusive memberships to DAOs or clubs where owning a specific NFT (parent token) grants access to additional NFTs (child tokens) like special perks or bonuses.
Delegation: Implement voting systems or delegate decision-making power within decentralized organizations by using nested NFTs as voting tokens or representation of authority.
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The post Chainalysis Inc. to Lay Off 15% of Employees Due to Market Conditions! appeared first on Coinpedia Fintech News Blockchain data company Chainalysis Inc. has announced that it is laying off 15% of its employees due to market conditions. The news comes as more and more firms operating within the cryptocurrency sector are forced to let staff go as the market struggles to stabilize. Losses have been particularly pronounced in the mining industry, where many firms have been unable to cope with a sustained downturn in the price of Bitcoin. stated that the decision to lay off employees was difficult, but necessary in order for the company to grow efficiently and reduce expenses during tough market conditions. $BTC $ETH $BNB #ETH #crypto2023 #Dan_ngo
The post Chainalysis Inc. to Lay Off 15% of Employees Due to Market Conditions! appeared first on Coinpedia Fintech News Blockchain data company Chainalysis Inc. has announced that it is laying off 15% of its employees due to market conditions. The news comes as more and more firms operating within the cryptocurrency sector are forced to let staff go as the market struggles to stabilize. Losses have been particularly pronounced in the mining industry, where many firms have been unable to cope with a sustained downturn in the price of Bitcoin. stated that the decision to lay off employees was difficult, but necessary in order for the company to grow efficiently and reduce expenses during tough market conditions.
$BTC $ETH $BNB #ETH #crypto2023 #Dan_ngo
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Potential Use Cases The ERC-6956 asset-bound NFTs provide flexibility in tokenizing different types of assets with various use cases, including but not limited to: Physical collectibles: Assets such as artwork, stamps or coins can be tokenized, and ownership can be easily transferred on the blockchain. This helps in reducing forgery, verifying provenance and making the ownership transfer process more efficient. Machine parts: Tokenizing machine parts allows for decentralized supply chain and inventory management. Tracking and verifying individual components become easier, preventing counterfeit parts from entering the supply chain. Digital assets: Digital assets like in-game items, virtual land or domain names can be more securely and transparently owned, traded, and verified through the implementation of the ERC-6956 standard. Abstract assets: Club memberships, licenses or other intangible assets can be represented as tokens, simplifying the issuance, transfer and management of these assets. #crypto2023 #NFT #BTC #BNB
Potential Use Cases
The ERC-6956 asset-bound NFTs provide flexibility in tokenizing different types of assets with various use cases, including but not limited to:
Physical collectibles: Assets such as artwork, stamps or coins can be tokenized, and ownership can be easily transferred on the blockchain. This helps in reducing forgery, verifying provenance and making the ownership transfer process more efficient.
Machine parts: Tokenizing machine parts allows for decentralized supply chain and inventory management. Tracking and verifying individual components become easier, preventing counterfeit parts from entering the supply chain.
Digital assets: Digital assets like in-game items, virtual land or domain names can be more securely and transparently owned, traded, and verified through the implementation of the ERC-6956 standard.
Abstract assets: Club memberships, licenses or other intangible assets can be represented as tokens, simplifying the issuance, transfer and management of these assets. #crypto2023 #NFT #BTC #BNB
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ERC-6956: Asset-Bound NFTs ERC-6956, also known as asset-bound NFTs,  is a proposed token standard for anchoring a token 1:1 to a physical or digital asset. The standard aims to create a connection between the real world and blockchain, allowing for the tokenization of various assets such as physical collectibles, machine parts, digital assets or even abstract assets like club memberships. In simpler terms, ERC-6956 is an extension of the popular ERC-721 NFT standard, with the added feature of oracle-based authorization, ensuring that token transfers are authenticated by verifying the control over the underlying asset. #crypto2023 #NFT #Dan_Ngo $BNB $ETH $BTC
ERC-6956: Asset-Bound NFTs
ERC-6956, also known as asset-bound NFTs,  is a proposed token standard for anchoring a token 1:1 to a physical or digital asset. The standard aims to create a connection between the real world and blockchain, allowing for the tokenization of various assets such as physical collectibles, machine parts, digital assets or even abstract assets like club memberships.
In simpler terms, ERC-6956 is an extension of the popular ERC-721 NFT standard, with the added feature of oracle-based authorization, ensuring that token transfers are authenticated by verifying the control over the underlying asset. #crypto2023 #NFT #Dan_Ngo $BNB $ETH $BTC
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Web3 NFT IYK project calls for 16.8 million USD led by a16z. IYK, a web3 startup that provides tools to brands like Adidas and Johnnie Walker to help connect the physical and digital worlds, has raised $16.8 million in seed funding led by a16z Crypto. Other investors in the round include 1kx, Collab Currency, Lattice Capital and gmoney, IYK said on Thursday. IYK is a project of a16z Crypto Startup School, the fund's growth program. This program will typically invest $500,000 in startups participating in a 7% equity exchange. #NFT #crypto2023 $BTC $ETH $BNB #dan_ngo
Web3 NFT IYK project calls for 16.8 million USD led by a16z. IYK, a web3 startup that provides tools to brands like Adidas and Johnnie Walker to help connect the physical and digital worlds, has raised $16.8 million in seed funding led by a16z Crypto. Other investors in the round include 1kx, Collab Currency, Lattice Capital and gmoney, IYK said on Thursday. IYK is a project of a16z Crypto Startup School, the fund's growth program. This program will typically invest $500,000 in startups participating in a 7% equity exchange. #NFT #crypto2023 $BTC $ETH $BNB #dan_ngo
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The horror masterpiece "The Exorcist: Believer" cooperates with Aptos to attract Web3 fans. Specifically, Universal Pictures has proven that they still have great faith in Web3 by collaborating with Aptos Labs to deploy a blockchain-based advertising campaign for their latest horror movie, “The Exorcist: Believer.”$BTC $ETH $BNB #APT #crypto2023 #dan_ngo
The horror masterpiece "The Exorcist: Believer" cooperates with Aptos to attract Web3 fans. Specifically, Universal Pictures has proven that they still have great faith in Web3 by collaborating with Aptos Labs to deploy a blockchain-based advertising campaign for their latest horror movie, “The Exorcist: Believer.”$BTC $ETH $BNB #APT #crypto2023 #dan_ngo
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